A limited constitutional government calls for a rules-based, freemarket monetary system, not the topsy-turvy fiat dollar that now exists under central banking. This issue of the Cato Journal examines the case for alternatives to central banking and the reforms needed to move toward free-market money.
Americans are finally enjoying an improving economy after years of recession and slow growth. The unemployment rate is dropping, the economy is expanding, and public confidence is rising. Surely our economic crisis is behind us. Or is it? In Going for Broke: Deficits, Debt, and the Entitlement Crisis, Cato scholar Michael D. Tanner examines the growing national debt and its dire implications for our future and explains why a looming financial meltdown may be far worse than anyone expects.
The Cato Institute has released its 2014 Annual Report, which documents a dynamic year of growth and productivity. “Libertarianism is the philosophy of freedom,” Cato’s David Boaz writes in his book, The Libertarian Mind. “It is the indispensable framework for the future.” And as the new report demonstrates, the Cato Institute, thanks largely to the generosity of our Sponsors, is leading the charge to apply this framework across the policy spectrum.
Featuring the author Jason Brennan, Assistant Professor of Ethics, Economics, and Public Policy, Georgetown University; with comments by Aaron Ross Powell, Research Fellow, Cato Institute and Editor, Libertarianism.org; and Tom Merrill, Assistant Professor of Government, American University; moderated by John Samples, Director, Center for Representative Government, Cato Institute.
Historically, Americans have seen libertarians as far outside the mainstream, but as Jason Brennan points out, libertarianism is a quite different — and far richer — system of thought than most suspect. Brennan offers a nuanced portrait of libertarianism, proceeding through a series of questions to illuminate the essential elements of libertarianism and the problems the philosophy addresses, including such topics as the value of liberty, human nature and ethics, economic liberty, civil rights, social justice and the poor, government and democracy, and contemporary politics. As he sheds light on libertarian beliefs, Brennan overturns numerous misconceptions. Libertarianism is not about simple-minded paranoia about government, he writes. Rather, it celebrates the ideal of peaceful cooperation among free and equal people. Brennan argues that libertarians are, in fact, animated by benevolence and a deep concern for the poor.